Brief: Starbreeze Resolves On Rights Issue Of SEK 450 Million

Starbreeze AB

28/04/2023 07:19

April 28 (Reuters) - Starbreeze AB  STZEb.ST :
    * RESOLVES ON RIGHTS ISSUE OF SEK 450 MILLION TO ACCELERATE
GROWTH
INITIATIVES
    * OF PROCEEDS FROM RIGHTS ISSUE, SEK 150 MILLION ARE
INTENDED TO
BE USED TO SETTLE REFINANCING CHARGE OWED TO DIGITAL BROS
    * MAXIMUM AMOUNT OF SEK 300 MILLION ARE INTENDED TO BE USED
TO
ACCELERATE GAME DEVELOPMENT AND THIRD-PARTY PUBLISHING.
    * PRELIM Q1 NET SALES AND EBITDA TOTALED SEK 26.7 MILLION
(23.5)
AND SEK 4.1 MILLION (4.6), RESPECTIVELY
    * AS OF MARCH 31, 2023, COMPANY'S CASH AND CASH EQUIVALENTS
AMOUNTED TO SEK 78.0 MILLION.

Source text for Eikon:  ID:nWkr7SwqmC 
Further company coverage:  STZEb.ST 

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